NEW YORK AND MONTREAL, May 16 /PRNewswire/ - Canwealth Minerals
Corporation and partner ICBS Ltd., (OTCPK: ICBT), announced today
assay results of its Winsome Lake project which is located in
the Township of Antoine-Labelle Quebec. The Winsome Lake claim is
100% owned by Canwealth Minerals Corporation. It is comprised of 18
claim cells totalling 2620 acres. The 18 claim cells are
located well with in a VMS (Volcanogenic massive sulphide ) zone of
the Grenville orogeny. This
geological formation is considered a favourable site for
exploration for PGE, ( platinum group elements ), Palladium,
Uranium and REE (rare earth elements ).
" Winsome Lake assay grab samples sent to AGAT Laboratories came
back positive which indicated a provision of new geological and
geochemical understanding of mineralization on the property
especially in the area of base metals, REE with indicators of
platinum, palladium and uranium" , said President Kelly Taylor after reviewing the assay report
from AGAT Laboratories. While the preliminary samples are from the
surface, this has confirmed that core drilling is indicated as the
next step to deep exploration of the site.
Canwealth Minerals Corporation is a gold and precious metal
mining company has registered claims with the Minister of Natural
Resources in Quebec.
The company is expected to start exploration
drilling this year. The main thrust of the exploration will be to
focus on sites that have a strong indication of precious metal
mineralization such as Gold, Silver and Platinum.
The company's current strategic direction is to
seek out properties or claims known to have highly favourable
mineralized targets which will lead rapidly to the advanced
exploration and development stages.
ICBS will be providing management and
project funding.
Legal Notice Regarding Forward-Looking
Statements:
Safe Harbour: This press release contains
forward-looking information within the meaning of section 27A of
the Securities Act of 1933 and section 21E of the Securities
Exchange Act of 1934 and is subject to the Safe Harbour created by
those sections. This material contains statements about expected
future events and/or financial results that are forward-looking in
nature and subject to risks and uncertainties. Such forward-looking
statements by definition involve risks, uncertainties and other
factors, which may cause the actual results, performance or
achievements of ICBS Limited, to be materially different from the
statements made herein.
SOURCE Canwealth Minerals Corporation